Monday, 26 August 2019

#Dubai's GEMS Education says #Saudi venture buys Ma'arif - Reuters

Dubai's GEMS Education says Saudi venture buys Ma'arif - Reuters:

Dubai-based school operator GEMS Education said on Monday its joint venture in Saudi Arabia had completed the acquisition of Ma’arif, the largest education company in the kingdom.

Blackstone-backed GEMS did not give a value for the purchase by its joint venture, which is co-owned by Saudi Arabia’s General Organization for Social Insurance.

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